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Superior Plating Technology Co Ltd (8431) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Superior Plating Technology Co Ltd stock TWD 71.68, price TWD 44.80, upside +60.0%, quality 37 out of 100. Rating: strongly undervalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials TW · ISIN TW0008431008

SP Superior Plating Technology Co Ltd logo Thin data Nov 9, 2026

Superior Plating Technology Co Ltd

8431 · TWO
Cheap, value-trap risk

The stock costs 38% less than our calculation considers fair.

Fair value 71.68 TWD · Strongly undervalued
Low debt
Revenue last quarter 16% below a year ago.
Quality 37/100
Weak Growth (revenue 5y +0.3 %/yr in TWD)
Loss-making · -25.9% net margin (TTM)
Negative free cash flow
Trails peers (1/11)
Narrow moat 8/100 · thin data
Thin data
⟳ Cyclical
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Price vs Fair Value

78.80 TWD 38.00 TWD Fair Value 71.68 TWD Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range 38.00 TWD – 78.80 TWD · fair‑value band 24.71 TWD – 119.13 TWD · the 44.80 TWD price screens below the 71.68 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.

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Company profile

Superior Plating Technology Co., Ltd. operates as a surface treatment service provider and planting management company in China, Thailand, and internationally.

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The company provides surface treatment services for metal or plastic products; and related management consulting services, including environmental, automation, and production services. It is also involved in the wholesale of electrical appliances and industrial additives.

The company was founded in 1997 and is headquartered in Taipei City, Taiwan.

Stock analysis

Superior Plating Technology Co Ltd (8431) currently trades at 44.80 TWD, while our model-based Fair Value estimate is 71.68 TWD, implying the stock looks roughly 38% undervalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 83/100, which puts the data coverage at low.

Scenario range: 24.71 TWD (bear) to 119.13 TWD (bull), the price of 44.80 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 37/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Superior Plating Technology Co Ltd reported revenue of 1.1B TWD in FY2025 versus 1.4B TWD in FY2021, a compound −6.1%/yr. Reported net income was −184M TWD in FY2025.

Key figures

Market cap 2.2B TWD (≈ $66.6M) Micro · P/S ratio 2.96 · EPS (TTM) −5.57 TWD · Dividend yield 0.1% · Net margin −25.9% · Return on equity −30.8% · Return on assets (EBIT) 4.5% (5-year average) · Operating margin −28.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).

What moves the price

The share trades about 43% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 60%, 8431 screens cheaper than that median.

Fair Value models

Bear 24.71 TWD Fair Value 71.68 TWD Bull 119.13 TWD
Price 44.80 TWD · Upside +60.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EV/EBITDA 16.38 TWD 47.51 TWD 78.96 TWD 62
NCAV (Graham) 257.86 TWD 345.68 TWD 515.73 TWD 54
All 2 models by family
Multiples
EV/EBITDA 16.38 TWD 47.51 TWD 78.96 TWD 62
Asset-Based
NCAV (Graham) 257.86 TWD 345.68 TWD 515.73 TWD 54

The fair value above starts from this blend and is adjusted for a cyclical trough year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 37/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 9
How much profit the company makes from its sales and capital
Quality Growth 7
Are margins and returns getting better?
Cashflow 12
Do the profits arrive as real cash?
Financial strength 65
Debt, balance sheet and risk of trouble
Investment 66
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 39
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 24
Distance to the 52-week high, does not count
New shares 79
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 12/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.3%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.0%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
15.0% (2020) → −10.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 728 stocks

Beats the industry median on 1/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside +60.0% · Top 25%
Profitability
Return on assets −9.4% · Bottom 25%
Net margin (12 months) −25.9% · Bottom 25%
Operating margin (12 months) −28.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −15.8% · Bottom 25%
Dividend yield (12 months) 0.1% · Bottom 25%
Balance sheet
Debt / equity 0.42× · Highest 25%

Valuation Multiplesvs Specialty Chemicals median · lower = cheaper

P/B 2.83× · Priciest 25%
P/S (12 months) 2.12× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 0
FUTURE (revenue growth)0 · sector 67
PAST (return on equity)0 · sector 27
HEALTH (low debt)79 · sector 95
DIVIDEND (yield)3 · sector 31

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Nan Ya Plastics Corporation 1303 263.00 TWD 420.80 TWD +60% vs 8431
Wanhua Chemical Group 600309 ¥72.65 ¥68.03 −6% vs 8431
Linde plc LIN $515.25 $446.62 −13% vs 8431
PPG Industries, Inc PPG $122.38 $77.68 −37% vs 8431
DSM-Firmenich AG DSFIR CHF 100.50 CHF 57.70 −43% vs 8431
The Sherwin-Williams Company SHW $344.10 $146.37 −57% vs 8431
Givaudan SA GIVN CHF 4,054 CHF 1,554 −62% vs 8431
EMS-CHEMIE HOLDING AG EMSN CHF 848.50 CHF 284.63 −66% vs 8431
Ecolab Inc ECL $300.68 $96.56 −68% vs 8431
Air Products and Chemicals, Inc APD $304.84 $75.33 −75% vs 8431

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Superior Plating Technology Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Superior Plating Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8431

Frequently asked questions

Is Superior Plating Technology Co Ltd (8431) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 71.68 TWD versus a price of 44.80 TWD, about +60% upside (undervalued).
What is the fair value of 8431?
Our model-based fair value for Superior Plating Technology Co Ltd is 71.68 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 44.80 TWD.
What is the quality score of 8431?
Superior Plating Technology Co Ltd has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Superior Plating Technology Co Ltd (8431)?
Our model-based price target is the fair value of 71.68 TWD (as of Nov 9, 2026) from 2 valuation models. Cautious scenario 24.71 TWD, optimistic scenario 119.13 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Superior Plating Technology Co Ltd stock forecast for 2026?
Our models put fair value at 71.68 TWD, about +60% upside versus a price of 44.80 TWD (undervalued). Cautious scenario 24.71 TWD, optimistic scenario 119.13 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Superior Plating Technology Co Ltd (8431)?
Superior Plating Technology Co Ltd reported trailing-twelve-month revenue of about 1.0B TWD (latest available figure, as of Nov 9, 2026).
Does Superior Plating Technology Co Ltd pay a dividend?
Superior Plating Technology Co Ltd currently shows a dividend yield of 0.14% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Superior Plating Technology Co Ltd (8431)?
Superior Plating Technology Co Ltd has a dividend yield of 0.1%.
What is the intrinsic value of Superior Plating Technology Co Ltd (8431)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Superior Plating Technology Co Ltd it is 71.68 TWD per share (as of Nov 9, 2026), against a price of 44.80 TWD. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Superior Plating Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 8431 trades below its calculated fair value: price 44.80 TWD, fair value 71.68 TWD, a gap of about +60% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 8431?
No. The price is what the market pays today (44.80 TWD); the fair value is what the company's own numbers justify (71.68 TWD). For Superior Plating Technology Co Ltd the two are 26.88 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Superior Plating Technology Co Ltd worth?
The market values Superior Plating Technology Co Ltd at about 2.2B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 44.80 TWD; our models calculate a fair value of 71.68 TWD per share.
What do the bullish and bearish scenarios say about 8431?
Our models span a range for Superior Plating Technology Co Ltd: cautious scenario 24.71 TWD, base 71.68 TWD, optimistic 119.13 TWD per share (as of Nov 9, 2026, price 44.80 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Superior Plating Technology Co Ltd (8431)?
Balance-sheet figures for Superior Plating Technology Co Ltd (as of Nov 9, 2026): return on equity −30.8%, debt of 0.42 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 8431 from its 52-week high?
Superior Plating Technology Co Ltd trades at 44.80 TWD, about 43% below its 52-week high of 78.80 TWD and 9% above the low of 40.95 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 71.68 TWD is for.
Which stocks are comparable to Superior Plating Technology Co Ltd?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Superior Plating Technology Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 44.80 TWD, calculated fair value 71.68 TWD (+60%), Quality Score 37/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 8431 calculated?
We run Superior Plating Technology Co Ltd through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of 71.68 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Superior Plating Technology Co Ltd currently trades 38% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Superior Plating Technology Co Ltd (8431)?
The closing price on Nov 6, 2026 was 44.80 TWD. Our model-based fair value is 71.68 TWD, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Superior Plating Technology Co Ltd right now?
The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (24.71 TWD to 119.13 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Superior Plating Technology Co Ltd

How large is the market capitalisation of Superior Plating Technology Co Ltd (8431)?
The market capitalisation of Superior Plating Technology Co Ltd is 2.2B TWD (≈ $66.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Superior Plating Technology Co Ltd (8431)?
The price-to-sales ratio of Superior Plating Technology Co Ltd is 2.96 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Superior Plating Technology Co Ltd (8431)?
Earnings per share at Superior Plating Technology Co Ltd are −5.57 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Superior Plating Technology Co Ltd (8431)?
The dividend yield of Superior Plating Technology Co Ltd is 0.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Superior Plating Technology Co Ltd (8431)?
The net margin of Superior Plating Technology Co Ltd is −25.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Superior Plating Technology Co Ltd (8431)?
The return on equity (ROE) of Superior Plating Technology Co Ltd is −30.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Superior Plating Technology Co Ltd (8431)?
On an EBIT basis the return on assets of Superior Plating Technology Co Ltd is 4.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Superior Plating Technology Co Ltd (8431)?
The operating margin of Superior Plating Technology Co Ltd is −28.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Superior Plating Technology Co Ltd (8431)?
Revenue at Superior Plating Technology Co Ltd is growing −15.8% versus a year earlier (3y avg −2.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Superior Plating Technology Co Ltd (8431)?
Earnings per share at Superior Plating Technology Co Ltd are growing −18.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Superior Plating Technology Co Ltd (8431) generate?
The free cash flow of Superior Plating Technology Co Ltd is −77.4M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Superior Plating Technology Co Ltd (8431) carry?
The net debt of Superior Plating Technology Co Ltd is 115M TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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